Will you have enough retirement savings to sustain your retirement years?

As an employee in a workplace set-up, you would be contributing a part of your salary mandatorily towards the Employees Provident Fund (EPF), which is considered a traditional tool for saving during retirement. However, if you are assuming that the EPF you have been building would be enough to meet your retirement needs, you may be mistaken.

According to EPF’s latest findings, it is reported that half of its members have less than RM10,000 in their accounts and because of the Covid-related withdrawals over the past two years, this gave a massive impact on the savings of contributors. Since it is unlikely that the retirement age will be raised, many would not have enough savings for their golden years.

On top of that, given the rising cost of living, inflation rate and the post-pandemic circumstances that are not looking very rosy, your EPF funds may be an ideal base to start planning your retirement.

In general, there are two ways to help you live comfortably in your retirement years: continue working after the age of 60, or start investing to generate good returns. When it comes to the latter option, it is best to start as early as you can in your career, as you will have more time to save.

When your planned retirement date is a decade away, it might feel like you can plan for it later. However, it is important to gear up ahead of time so that time works in your favor and can help you have the means to enjoy the retirement you have always dreamed of.

Difference between investing and saving

So what are your plans to secure yourself financially? Are you saving money or investing or perhaps you are still deciding? Well, to simplify a savings account is good for your short-term goals, such as the money you will need in the next 3 years. But for your long-term goals you are going to need something with an engine. And that is exactly what investing does!

Remember, the sooner you start, the more income you accumulate over the long run. The magic of compounding works wonders to boost your wealth empire. But, in order to reach your long-term goals, you will need to choose wisely to ensure you get the most out of your investment.

Investing with Principal through EPF i-Invest is one platform that is worth considering. This self-service digital portal will allow you to boost your investments in EPF-approved unit trust funds. With their award-winning and industry-recognized funds, investing with Principal through EPF i-Invest can help you enhance your retirement savings.

How you can benefit from EPF i-Invest?

Aside from the ease of investing online at your convenience, there are many benefits of investing in EPF i-invest. First is peace of mind, as you will be able to personally manage and diversify your investment portfolio from domestic to international industry recognised funds.

Secondly, it enables you to invest in your choice of Conventional and Islamic Funds which have been approved by EPF. Plus, when you invest online with Principal, you can enjoy a 0% sales fee. Meaning there's more for you to invest with!

Achieve your financial goals with Principal

With over 26 years’ experience in helping Malaysians to invest, Principal Asset Management Berhad offers a wide variety of solutions to help people and companies in building, protecting and advancing their financial well-being with our unit trust, retirement schemes, discretionary mandates and asset management expertise.

5 simple steps to invest and build your retirement savings.

There’s no better time to start, as you can kick off with EPF i-Invest in a few simple steps:

1. Log in to your EPF i-Akaun.
2. Click “Investment” then “Transaction” and “Buy”.
3. Select “Principal” then choose your fund(s). You can start investing with RM 1,000.
4. Select “Principal” as your preferred Fund Management Institution (FMI) and complete your transaction.
5. Apply the campaign code “YearEndBonus2021” and complete your transaction.

Enjoy Year End Bonus rewards!

To all the new investors, grab this opportunity to try investing with Principal through EPF i-Invest platform, because you will receive 0.38%* and RM50 Touch ‘n Go eWallet Reload PIN when you invest a minimum of RM1,000. *0.38% Touch 'n Go eWallet Reload PIN is based on your initial investment amount. For example, invest RM10,000 x 0.38% = RM38 + RM50 (welcome gift) Touch 'n Go eWallet Reload PIN.

Meanwhile, to all Principal's loyal investors, you also will receive 0.58%* Touch ‘n Go eWallet Reload PIN when you top up your investment. *0.58% Touch 'n Go eWallet Reload PIN is based on your initial investment amount. For example, invest RM10,000 x 0.58% = RM58 Touch 'n Go eWallet Reload PIN.

Choose your preferred fund options

Start diversifying your investment with fund options such as Principal Greater China Equity Fund (Class MYR) where you can strategically invest in the Greater China region and be part of China’s economic growth. If you aim to seek capital growth by investing primarily in equities and equity related instruments in Asia ex Japan, then Principal Asia Titans Fund is the right one for you!

Principal Asia Pacific Dynamic Income Fund (Class MYR) objective is to provide regular income by investing primarily in the Asia Pacific ex Japan region and at the same time aims to achieve capital appreciation over the medium to long-term. The fourth fund is the Principal Islamic Asia Pacific Dynamic Equity which is a shariah-compliant fund that invests in the emerging and developed markets of Asia Pacific ex Japan region. Last but not least is the Principal Global Titans Fund which offers you the ideal choices in global investments, gaining you access to the three leading global equity markets of US, Europe and Japan.

So what are you waiting for? Start growing your EPF savings and invest a portion in approved Unit Trust funds with Principal through EPF i-Invest to enjoy fruitful retirement years in the future. For more information on the campaign, do visit this website.

Disclaimer:

You are advised to read and understand the Prospectus, Information Memorandum and/or Disclosure Document including any supplemental thereof and the Product Highlight Sheet (if any) before investment. A copy of the said documents have been registered with the Securities Commission Malaysia (SC) and may be obtained at our offices, distributors or our website at [www.principal.com.my]. The registration of these documents does not amount to nor indicate that the SC has recommended or endorsed this product or service. The issuance of any units to which the said documents relates will only be made on receipt of an application referred to in and accompanying a copy of the relevant Prospectus, Information Memorandum and/or Disclosure Document. Investing involves risk and cost. You should understand the risks involved, compare and consider the fees, charges and costs involved, make your own risk assessment and seek professional advice, where necessary.